Saia Honored for 2023 Green Supply Chain Practices
June 27, 2023
☀️Trending News
Saia ($NASDAQ:SAIA) Inc., a leading provider of transportation solutions, is proud to announce that Saia LTL Freight has been honored with the esteemed recognition of “2023 Green Supply Chain Partner” from Inbound Logistics magazine. This announcement was made on June 23, 2023 at the company’s headquarters in Johns Creek, Georgia. Saia is committed to sustainability and provides its customers with innovative solutions that reduce their environmental footprint, while still providing high-quality service. The 2023 Green Supply Chain Partner award recognizes Saia’s commitment to sustainability and acknowledges the company’s efforts to reduce its environmental impact. Saia has invested in green supply chain practices, such as using sustainable packaging materials, reducing fuel consumption, and utilizing alternative fuels for its fleets.
These practices have helped to reduce Saia’s carbon footprint, while still providing its customers with superior service. This award demonstrates Saia’s commitment to sustainability and recognizes the positive impact its green supply chain practices have had on the environment. The company is proud to be recognized for its efforts and looks forward to continuing to provide customers with reliable and sustainable transportation solutions.
Share Price
On Monday, SAIA Inc. was honored for its green supply chain practices for the year 2023. This recognition caused SAIA’s stock to rise significantly, opening the day at $314.6 and closing at $322.5, a 3.1% increase from the previous closing price of $312.8. This recognition is indicative of SAIA’s commitment to sustainability and ethical practices, and it is likely to continue to benefit the company in the future. saia&utm_title=Saia_Honored_for_2023_Green_Supply_Chain_Practices”>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Saia. saia&utm_title=Saia_Honored_for_2023_Green_Supply_Chain_Practices”>More…
| Total Revenues | Net Income | Net Margin |
| 2.79k | 354.1 | 12.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Saia. saia&utm_title=Saia_Honored_for_2023_Green_Supply_Chain_Practices”>More…
| Operations | Investing | Financing |
| 496.33 | -448.19 | -23.04 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Saia. saia&utm_title=Saia_Honored_for_2023_Green_Supply_Chain_Practices”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.24k | 591.86 | 62.22 |
Key Ratios Snapshot
Some of the financial key ratios for Saia are shown below. saia&utm_title=Saia_Honored_for_2023_Green_Supply_Chain_Practices”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.3% | 42.5% | 16.7% |
| FCF Margin | ROE | ROA |
| 1.7% | 18.1% | 13.0% |
Analysis
GoodWhale has conducted an in-depth analysis of SAIA’s wellbeing and, according to our Star Chart, SAIA has a high health score of 9/10. This is due to the company’s strong cash flows and low debt, which gives it the capability to safely ride out any crisis without the risk of bankruptcy. SAIA is strong in both asset and growth metrics, as well as profitability. However, dividend payouts are quite weakâan area of potential improvement for the company. Based on our findings, we classify SAIA as a ‘gorilla’ type of company, one that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Given SAIA’s strong performance and resilience, we believe that value-oriented investors seeking a safe investment with solid returns will be particularly interested in the company. Similarly, growth-oriented investors who are looking for a well-run company with solid prospects for future growth will want to take a closer look at SAIA. saia&utm_title=Saia_Honored_for_2023_Green_Supply_Chain_Practices”>More…
Peers
The company has a strong network of trucking, intermodal, and logistics facilities and offers a wide range of services, including truckload transportation, less-than-truckload transportation, intermodal transportation, and logistics solutions. Saia‘s competitors include Covenant Logistics Group, Inc., Kanda Holdings Co., Ltd., and Titanium Transportation Group, Inc.
– Covenant Logistics Group Inc ($NASDAQ:CVLG)
Covenant Logistics Group Inc. is a provider of transportation and logistics services. The company operates in three segments: Truckload, Less-Than-Truckload, and Intermodal. It offers truckload, less-than-truckload, intermodal, and other value-added services. The company also provides transportation management, warehousing, and other logistics services.
– Kanda Holdings Co Ltd ($TSE:9059)
Kanda Holdings Co Ltd is a Japanese conglomerate with a market cap of 11.74B as of 2022. The company has a Return on Equity of 8.89%. Kanda Holdings Co Ltd is involved in a variety of businesses, including electronics, automotive, and pharmaceuticals.
Summary
Investors in Saia Inc. may be encouraged by the fact that the company has been recognized as a â2023 Green Supplyâ, and the stock price moved up the same day. This could potentially indicate positive things for the companyâs future, and is a strong indication that Saia Inc. has strong prospects for continued success in the years ahead. Investors should keep an eye on Saia Inc. and their initiatives as a âGreen Supplyâ company, as this could be a strong indicator of their future profitability. Furthermore, as investors may be encouraged by the recent stock price movement, they should also consider keeping a close watch on any further developments that could affect the future performance of the company.
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